Morningstar Fund Report  | 13/01/2025Print

Nordea 1 - Stable Return Fund HBC USD

Performance History31/12/2024
Growth of 1,000 (GBP) Advanced Graph
Nordea 1 - Stable Return Fund HBC USD
Fund-1.913.35.4-1.45.9
+/-Cat-6.05.08.8-5.5-3.4
+/-B’mrk-4.88.0-8.8-5.1
 
Key Stats
NAV
10/01/2025
 USD 24.33
Day Change 0.47%
Morningstar Category™ USD Moderate Allocation
ISIN LU1009765014
Fund Size (Mil)
10/01/2025
 EUR 3512.16
Share Class Size (Mil)
10/01/2025
 USD 9.79
Max Initial Charge 3.00%
Ongoing Charge
09/12/2024
  1.24%
Morningstar Research
Analyst Report29/04/2024
Matias Möttölä, Director
Morningstar, Inc

We continue to appreciate the disciplined approach to asset allocation and the experienced team behind Nordea 1--Stable Return. The fund’s cheapest share classes have a Morningstar Analyst Rating of Silver while its other share classes gain...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Nordea 1 - Stable Return Fund HBC USD
To provide shareholders with investment growth and achieve relatively stable income. The fund mainly invests, directly or through derivatives, in equities as well as various other asset classes such as bonds issued by companies, financial institutions or public authorities, money market instruments and currencies from anywhere in the world. In actively managing the fund’s portfolio, the management team uses a risk-balanced and dynamic asset allocation process, with a focus on bonds and equities. The team also takes both long and short positions and manages currencies actively.
Returns
Trailing Returns (GBP)10/01/2025
YTD1.53
3 Years Annualised4.24
5 Years Annualised4.10
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Claus Vorm
02/11/2005
Asbjørn Trolle Hansen
02/11/2005
Click here to see others
Inception Date
05/08/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Euribor 1 Month EURMorningstar EAA USD Mod Tgt Alloc NR USD
Portfolio Profile for  Nordea 1 - Stable Return Fund HBC USD31/12/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock91.9331.5860.35
Bond51.621.1150.50
Property0.000.000.00
Cash197.76208.62-10.85
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration2.03
Top 5 Regions%
United States78.24
Eurozone5.81
United Kingdom3.29
Asia - Developed3.29
Europe - ex Euro3.24
Top 5 Sectors%
Technology25.18
Consumer Defensive15.21
Healthcare14.86
Consumer Cyclical14.44
Financial Services11.69
Top 5 HoldingsSector%
Future on 5 Year Treasury Note21.57
Future on 10 Year Treasury Note17.28
Future on 2 Year Treasury Note9.38
Alphabet Inc Class ACommunication ServicesCommunication Services5.11
Microsoft CorpTechnologyTechnology4.48
Nordea 1 - Stable Return Fund HBC USD
Growth Of 1000 (GBP) 31/12/2024
Fund:  Nordea 1 - Stable Return Fund HBC USD
Category:  USD Moderate Allocation
Category Index:  Morningstar EAA USD Mod Tgt Alloc NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/12/2024
 201720182019202020212022202331/12
Price Return-3.913.387.62-1.8513.345.45-1.425.95
+/- Category-5.754.17-2.83-6.045.048.79-5.54-3.44
+/- Category Index----4.818.00-8.82-5.09
% Rank in Category92782871149387
Trailing Returns (GBP)10/01/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.47   0.300.67
1 Week0.77   -0.140.39
1 Month1.13   -0.30-0.22
3 Months4.91   -0.16-0.25
6 Months10.67   4.344.23
YTD1.53   -0.40-0.05
1 Year7.05   -5.61-6.33
3 Years Annualised4.24   -0.52-1.97
5 Years Annualised4.10   -0.58-1.98
10 Years Annualised-   --
 
Quarterly Returns (GBP)31/12/2024
 Quarter 1Quarter 2Quarter 3Quarter 4
20243.18-3.100.295.67
2023-0.32-2.873.39-1.53
2022-0.763.805.81-3.26
20212.542.983.753.46
20202.552.52-3.41-3.35
20193.573.666.08-5.51
 
 
 
Morningstar Rating™(Relative to Category)31/12/2024
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageLow3 star
5-YearAverageLow3 star
10-Year--Not Rated
OverallAverageLow3 star
 
Click here to see our Methodology
Volatility Measurements31/12/2024
 
3-Yr Std Dev6.69 %
3-Yr Mean Return3.49 %
 
3-Yr Sharpe Ratio-0.03
 
Modern Portfolio Statistics31/12/202431/12/2024
 Standard IndexBest Fit Index
 Morningstar EAA USD Mod Tgt Alloc NR USD  Morningstar Gbl Core Bd GR Hdg USD
3-Yr Beta0.490.91
3-Yr Alpha-2.721.41
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 144660-
Market Capitalisation% of Equity
Giant34.71
Large43.04
Medium21.90
Small0.36
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.850.95
Price/Book3.841.28
Price/Sales1.730.75
Price/Cash Flow12.941.01
Dividend-Yield Factor2.131.07
 
Long-Term Projected Earnings Growth9.440.86
Historical Earnings Growth9.141.06
Sales Growth9.591.11
Cash-Flow Growth7.270.93
Book-Value Growth5.980.94
 
Fixed Income Style30/11/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)EUR 3548
Maturity Distribution %
1 to 318.17
3 to 541.80
5 to 734.39
7 to 105.64
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration2.03
Credit Quality Breakdown %     %
AAA59.14   BB0.00
AA40.86   B0.00
A0.00   Below B0.00
BBB0.00   Not Rated0.00
 
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock91.9331.5860.35
Bond51.621.1150.50
Property0.000.000.00
Cash197.76208.62-10.85
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States78.241.13
Canada0.370.21
Latin America0.901.82
United Kingdom3.290.62
Eurozone5.810.59
Europe - ex Euro3.241.17
Europe - Emerging0.030.27
Africa0.242.48
Middle East0.6417.42
Japan1.460.41
Australasia0.000.00
Asia - Developed3.290.79
Asia - Emerging2.501.13
 
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.200.06
Consumer CyclicalConsumer Cyclical14.441.47
Financial ServicesFinancial Services11.690.74
Real EstateReal Estate0.070.03
Consumer DefensiveConsumer Defensive15.212.58
HealthcareHealthcare14.861.36
UtilitiesUtilities2.900.86
Communication ServicesCommunication Services11.491.29
IndustrialsIndustrials3.970.34
TechnologyTechnology25.181.06
 
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings156
Total Number of Bond Holdings18
Assets in Top 10 Holdings69.23
NameSectorCountry% of Assets
Future on 5 Year Treasury NoteUnited States21.57
Future on 10 Year Treasury NoteUnited States17.28
Future on 2 Year Treasury NoteUnited States9.38
Alphabet Inc Class A308United States5.11
Microsoft Corp311United States4.48
Automatic Data Processing Inc311United States2.92
Visa Inc Class A103United States2.32
Novo Nordisk AS Class B206Denmark2.11
AutoZone Inc102United States2.10
Coca-Cola Co205United States1.96
 
 
Management
Name of CompanyNordea Investment Funds SA
Phone00352 43 39 50 1
Websitewww.nordea.lu
Address562, rue de Neudorf
 Luxembourg   L-2220
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date05/08/2015
Fund Advisor(s)
Nordea Investment Management AB
Fund ManagerClaus Vorm
Manager Start Date02/11/2005
 
Biography
Claus Vorm holds a Master’s Degree in Mathematics and Economics and a Ph.D. on the Interplay between Insurance and Finance. As part of his academic career, Mr. Vorm worked as an associate professor at the Laboratory of Actuarial Mathematics at the University of Copenhagen from 2000 to 2001. He then joined McKinsey & Co. as a part of their Financial Institutions Group before joining Nordea Investment Management AB in 2004.
Fund ManagerAsbjørn Trolle Hansen
Manager Start Date02/11/2005
Career Start Year1998
 
Biography
Asbjørn Trolle Hansen holds a joint Master's Degree in Mathematics and Economics and a joint Ph.D. in Mathematical Finance. After attaining his Ph.D., Mr. Hansen worked in London, first for NatWest as a Derivatives Analyst from 1998 to 2000 and then as a Quantitative Specialist responsible for structured investments with Dresdner Kleinwort Benson’s Global Equities team. In 2000, Mr. Hansen returned to Denmark as Head of Alfred Berg’s Asset Allocation team. Mr. Hansen joined Nordea Investment Management AB in 2004 as Head of the Multi Assets team.
Fund ManagerKurt Kongsted
Manager Start Date02/11/2005
Career Start Year2002
 
Biography
Kurt Kongsted holds a Master’s Degree in Economics (cand. oecon.) from the University of Aarhus. Mr. Kongsted joined Nordea Investment Management AB in 2002 as an analyst within the current Multi Assets team. Mr. Kongsted has been responsible for the development of Nordea Investment Management’s proprietary Asset Liability Management tools and Strategic Asset Allocation models. Since 2005 Mr. Kongsted has been a co-portfolio manager within the Multi Assets investment team. In 2010 Mr. Kongsted was also appointed Head of Strategic Asset Allocation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.95%
Ongoing Charge1.24%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes